Kronos Worldwide Inc: Segment Analysis

Kronos Worldwide Inc (Kronos), a subsidiary of Valhi Inc, is a manufacturer and marketer of titanium dioxide (TiO2) pigments. It is engaged in the production and sale of TiO2 pigments, which are used for their opacity, brightness, and durability in coatings, plastics, and paper.

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Kronos employs scientists, chemists, process engineers, and technicians in Leverkusen, Germany, who are responsible for improving chloride and sulfate production processes, reducing production costs, enhancing product quality, and developing new products and applications. The company has been successful in developing new grades for existing and new applications to meet customer needs and increase product life cycles. The company also has a comprehensive intellectual property protection strategy, including obtaining, maintaining, and enforcing patents, primarily in the US, Canada, and Europe, as well as protecting trademark and trade secret rights. The company has been successful in adding eight new grades for pigments and other applications. The R&D unit of Kronos is in Leverkusen, Germany. This unit is responsible for research and development, process technology, and quality assurance activities, focusing on improving production processes, reducing costs, and developing new products and applications. In FY2025, the company incurred an expense of US$16 million on its R&D, which grew by 14%YoY and stood at 0.9% of the company’s total revenue.